I was not aware of the DMAT account opened for me till RS 500 was deducted from my account as yearly service charges. When I apporached the bank there was no proper response.
The bank manager worked out a cheap startegy to wit me out regarding this case.
On the lighter side:
Even our office boy who, earns hardly RS 2500 per month has a DEMAT account(FUNNY). For marketing or other sake he has been cheated by the bank third party marketing executives.
Private bank should the caption as "CHEATING IS OUR MOTTO"